attracting employees with valued benefits
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It’s a proven fact that most employees look for more than just a salary from their employer these days. In fact a common theme amongst The Time Top 100 Employers list was that they all offered a range of benefits that employees value.TRANSCRIPT
- 1. For media information please contact Jenny Green @ Smart Arts on07545 696713 / 01484 685544 oremail [email protected] Employees with Valued BenefitsAdvisory article from JCS HRIts a proven fact that most employees look for more than just a salary fromtheir employer these days. In fact a common theme amongst The Time Top100 Employers list was that they all offered a range of benefits thatemployees value.These included holidays above the statutory minimum; childcare provision;health and wellbeing; pensions and opportunities to be involved incharitable or public service volunteering.However, many small employers do not offer benefits to staff, other than those they are legally obliged toprovide. The main reasons for this tend to be concerns about cost and/or lack of knowledge of what isavailable, says HR specialist Julie Sykes of Huddersfield based JCS HR.Whilst is it is true that some benefits can come with a hefty price tag, there are a range of benefits thatemployers can provide at very little, or even no, cost. Examples of these are:- Childcare Vouchers: These have no cost to the company and can, in fact, save on NI costs. Thebenefit to employees is that they can be purchased through a salary sacrifice scheme; thiseffectively means that the employee buys the vouchers from their gross salary and only pays taxon the remaining net salary. This can result in a significant reduction in annual childcare costs.- Cycle to Work Scheme: In essence, you buy a bike for your employee to ride to work, they hire itthrough a salary sacrifice scheme, and at the end of the hire period the employee buys the bikefrom you.- Computer Purchase Scheme: This works in a similar way to the Cycle to Work Scheme.- Healthcare Cash Plans: You can provide access to a plan for which your staff make a smallmonthly payment, which enables them to claim back dental, optical and other medical costs.Alternatively, the company can pay for a corporate scheme for its employees, which in additionadvisory article
2. For media information please contact Jenny Green @ Smart Arts on07545 696713 / 01484 685544 oremail [email protected] enabling them to reclaim medical costs, gives access to a range of other benefits such asdiscounted shopping and gym memberships. So it is definitely worth spending some time researching the various alternative benefits available to findthose that best fit both your companys and employees requirements; and promote these as part of amore attractive package when recruiting.For more information on JCS HR visit http://www.jcs-hr.co.uk or call 01484 602708. You can also followJulie at http://www.twitter.com/@HRJulie.-ends-Notes to editors: Julie Sykes has worked in the human resources industry for 25 years and celebrated 10 yearsrunning her own consultancy in 2012. JCS HR Consulting is based in Huddersfield and services Yorkshire and Manchester areas. JCS HR provides consultancy across all sectors including manufacturing, government, media,financial services, medical and engineering. JCS HR has provided consultancy for groups of up to 1000 people.